Welcome to this beautifully maintained 3+2 bedroom home on a large corner lot in a quiet, family-friendly neighbourhood, just minutes from Fanshawe College, shopping, schools, and major amenities. The exterior features a composite front deck, spacious concrete patio, large storage shed, and parking for up to four vehicles. A bus stop located directly outside the property provides exceptional convenience for students, commuters, and tenants alike.Inside, you'll find a bright and inviting layout with fresh paint throughout most of the home. The functional floor plan offers comfortable main-floor living, a second kitchen in the basement, and a washroom on each level, making it ideal for extended families, multi-generational living, or income potential.Extensive updates completed in 2025 include new vinyl flooring throughout the main floor, new furnace, new heat pump, new washer, new stove, and a new rear entry door providing direct access to the basement. Additional features include egress windows in the basement and a sprinkler system in the furnace room for added safety and peace of mind.Currently tenanted, the property offers flexibility for both investors and end-users. Tenants are willing to remain, providing immediate rental income, or vacate for buyer occupancy. A fantastic opportunity to own a move-in-ready home with excellent investment potential in a highly sought-after location.
Address
53 Madeira Drive
List Price
$499,990
MLS® Status
New
Property Type
Residential Freehold
Type of Dwelling
Detached
Style of Home
Bungalow
Transaction Type
Sale
Area
London East
Sub-Area
East D
Region
Middlesex
Bedrooms
3 + 2
Bedrooms (Total)
5
Rooms Above Grade
6
Rooms Below Grade
5
Bathrooms
2
Floor Area
700-1100 Sq. Ft.
Lot Size Source
MPAC
Lot Depth
133.64
Lot Size Units
Feet
Lot Width
53.56
Parcel Number
081030487
Occupant Type
Tenant
Cross Street
On the corner of Beckworth Ave. and Madeira Dr.
MLS® Number
X14130652
Listing Brokerage
Gale Group Realty Brokerage Ltd
Basement Area
Separate Entrance
Postal Code
N5V 2M3
Parking
Private Double
Parking Places (Total)
4
Parking Spaces
4
Tax Amount
$4,090.00
Tax Year
2025
Interior Features
Carpet Free
Central Vacuum
No
Family Room
Yes
Ensuite Laundry
No
Special Designation
Unknown
Standard Status
Active
Board Or Association
Woodstock Ingersoll Tillsonburg & Area Association of REALTORS
Heat Source
Gas
Heat Type
Forced Air
Cooling Features
Central Air
Construction Materials
Brick
Direction Faces
East
Fireplace
Yes
Foundation Details
Poured Concrete
Garage
No
Garage Type
None
Kitchens Total
2
Kitchens Above Grade
1
Kitchens Below Grade
1
Pool Features
None
Roof
Shingles
Tax Legal Description
LOT 386, PLAN 876, SUBJECT TO 128088, 128089 CITY OF LONDON
Waterfront
No
Sewer
Sewer
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Rooms
| Floor | Type | Dimensions | Features |
|---|---|---|---|
| Main | Living Room | 6.17 x 3.45 | |
| Main | Primary Bedroom | 4.19 x 2.74 | |
| Main | Kitchen | 3.42 x 3.75 | |
| Main | Bedroom 2 | 3.47 x 3.04 | |
| Main | Bedroom 3 | 3.47 x 2.51 | |
| Basement | Bedroom | 5.79 x 2.94 | |
| Basement | Bedroom | 4.52 x 2.94 | |
| Basement | Kitchen | 3.88 x 2.81 |